Can I retire at age 53 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$213,880$211,975$210,116$208,302$206,530$203,109
2 years$105,881$103,909$101,998$100,145$98,348$94,911
3 years$69,886$67,906$65,999$64,164$62,396$59,050
4 years$51,892$49,918$48,031$46,226$44,501$41,273
5 years$41,099$39,136$37,274$35,506$33,829$30,727
6 years$33,905$31,958$30,123$28,395$26,768$23,796
7 years$28,769$26,838$25,032$23,345$21,769$18,928
8 years$24,919$23,005$21,229$19,583$18,060$15,349
9 years$21,926$20,030$18,285$16,681$15,209$12,627
10 years$19,533$17,656$15,941$14,379$12,959$10,503
11 years$17,576$15,718$14,034$12,514$11,145$8,814
12 years$15,947$14,107$12,455$10,976$9,658$7,448
13 years$14,569$12,749$11,128$9,691$8,422$6,330
14 years$13,389$11,588$9,998$8,602$7,383$5,405
15 years$12,368$10,586$9,027$7,672$6,500$4,633
16 years$11,475$9,713$8,184$6,869$5,745$3,984
17 years$10,688$8,945$7,448$6,172$5,094$3,436
18 years$9,989$8,266$6,799$5,562$4,529$2,970
19 years$9,364$7,660$6,224$5,026$4,037$2,572
20 years$8,803$7,118$5,712$4,552$3,606$2,231
21 years$8,295$6,631$5,254$4,131$3,227$1,939
22 years$7,835$6,189$4,842$3,756$2,892$1,686
23 years$7,415$5,789$4,471$3,421$2,596$1,469
24 years$7,030$5,424$4,135$3,120$2,334$1,280
25 years$6,677$5,090$3,830$2,849$2,100$1,117
26 years$6,352$4,784$3,552$2,605$1,892$975
27 years$6,051$4,502$3,298$2,385$1,705$852
28 years$5,773$4,242$3,066$2,185$1,539$744
29 years$5,513$4,002$2,853$2,004$1,390$651
30 years$5,272$3,780$2,658$1,839$1,256$569
31 years$5,047$3,573$2,478$1,689$1,135$498
32 years$4,836$3,381$2,312$1,552$1,027$436
33 years$4,638$3,202$2,159$1,427$929$382
34 years$4,453$3,034$2,017$1,313$841$334
35 years$4,278$2,878$1,886$1,209$762$293
36 years$4,114$2,732$1,764$1,113$690$257
37 years$3,958$2,594$1,651$1,026$626$225
38 years$3,811$2,466$1,546$945$567$197
39 years$3,673$2,345$1,448$872$514$173
40 years$3,541$2,231$1,358$804$467$151
41 years$3,416$2,123$1,273$742$423$133
42 years$3,297$2,022$1,194$685$384$116
43 years$3,185$1,927$1,121$632$349$102
44 years$3,077$1,837$1,052$584$316$89
45 years$2,975$1,751$988$539$287$78
46 years$2,877$1,671$928$498$261$69
47 years$2,784$1,594$871$460$237$60
48 years$2,695$1,522$819$425$215$53
49 years$2,610$1,454$770$393$195$46
50 years$2,529$1,388$724$363$177$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,590,000, adding $4,259 every year, while hoping to spend $40,539 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/42/7 Blend
52$2,590,000$2,590,000$2,590,000$2,590,000
53$2,858,573$2,721,303$2,681,158$2,999,166
54$3,107,014$2,811,514$2,727,844$3,185,479
55$3,379,438$2,904,786$2,774,735$3,383,175
56$3,678,247$3,001,227$2,821,795$3,597,112
57$4,006,090$3,100,948$2,868,986$3,828,823
58$4,365,881$3,204,065$2,916,267$4,079,996
59$4,760,832$3,310,696$2,963,593$4,352,485
60$5,194,482$3,420,965$3,010,919$4,648,330
61$5,670,728$3,535,000$3,058,193$4,969,774
62$6,193,862$3,652,936$3,105,363$5,319,285
63$6,768,615$3,774,909$3,152,372$5,699,578
64$7,400,197$3,901,062$3,199,159$6,113,640
65$8,094,347$4,031,544$3,245,661$6,564,757
66$8,857,389$4,166,509$3,291,810$7,056,546
67$9,696,291$4,306,116$3,337,533$7,592,989
68$10,618,727$4,450,530$3,382,755$8,178,467
69$11,633,154$4,599,922$3,427,394$8,817,801
70$12,748,889$4,754,472$3,471,365$9,516,301
71$13,976,197$4,914,363$3,514,577$10,279,811
72$15,326,389$5,079,786$3,556,935$11,114,765
73$16,811,926$5,250,941$3,598,338$12,028,247
74$18,446,538$5,428,033$3,638,678$13,028,057
75$20,245,355$5,611,276$3,677,844$14,122,784
76$22,225,044$5,800,892$3,715,715$15,321,886
77$24,403,974$5,997,112$3,752,167$16,635,777
78$26,802,382$6,200,173$3,787,067$18,075,927
79$29,442,568$6,410,324$3,820,276$19,654,969
80$32,349,102$6,627,822$3,851,648$21,386,816
81$35,549,060$6,852,934$3,881,027$23,286,790
82$39,072,274$7,085,938$3,908,252$25,371,768
83$42,951,618$7,327,122$3,933,151$27,660,342
84$47,223,316$7,576,783$3,955,544$30,172,988
85$51,927,282$7,835,233$3,975,242$32,932,261
86$57,107,498$8,102,793$3,992,046$35,963,010
87$62,812,431$8,379,798$4,005,748$39,292,606
88$69,095,486$8,666,596$4,016,128$42,951,200
89$76,015,513$8,963,546$4,022,955$46,972,010
90$83,637,360$9,271,024$4,025,988$51,391,630
91$92,032,485$9,589,419$4,024,973$56,250,374
92$101,279,632$9,919,134$4,019,644$61,592,657
93$111,465,574$10,260,591$4,009,721$67,467,412
94$122,685,927$10,614,224$3,994,911$73,928,548
95$135,046,058$10,980,488$3,974,908$81,035,463
96$148,662,077$11,359,853$3,949,388$88,853,595
97$163,661,932$11,752,808$3,918,015$97,455,047
98$180,186,615$12,159,863$3,880,436$106,919,257
99$198,391,499$12,581,545$3,836,279$117,333,755
100$218,447,795$13,018,403$3,785,157$128,794,978